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Truth Social Stock Crashes to All-Time Low After MAGA’s Massive Defeat: Just when you thought it couldn't sink any lower. (futurism.com)
submitted 5 days ago by to c/technology@lemmy.world
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[–] [S] 146 points 5 days ago (7 children)

It’s almost impressive to lose 61% of your stock value while your founder is literally president. Apparently even running the country isn’t enough to make a social network profitable when its entire business model is one man shouting into a room full of people who already agree with him.

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  • [–] 75 points 5 days ago (3 children)

    I suppose it’s the difference between “running the country“ and “running the country into the ground“

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  • [–] 6 points 5 days ago

    Most of it's value was as a bribery tool for the president.

    Well, access to him just dropped in value now that he had an antibody House and Senate that dramatically reduces his ability to do whatever he is being paid to want.

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  • [–] 4 points 5 days ago

    I suspect a lot of those people are media and folks like me dropping in to fact check. Kinda like their rallies this go round, plenty of media and few true believers.

    FFS, when even I'd go to a Vance rally just to get the story first hand. These fuckers can't even drive basic human curiosity.

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